LexisNexis® Risk Solutions Can Help You With Your Collections Efforts
When Collections and Recovery departments lack the right tools to be efficient and effective, this can result in such departments spending extensive time and resources on the debt recovery process, with minimal results to show for their efforts.
LexisNexis® Risk Solutions offers debt collection tools that can increase your financial return.
Our Collection Solutions help businesses strategically optimize collections and recovery workflows in order to:
LexisNexis® Account Monitoring helps to boost and streamline your collections, servicing and recovery processes by:
Payment Score is a dual performance collections score that ranks accounts based on payment size and the likelihood that debtors will make payments within the next three months. This Collections and Recovery tool from LexisNexis® Risk Solutions provides valuable insights that assists in creating stronger and more data-driven debt collection strategies by:
The following LexisNexis® Risk Solutions collections and recovery products allow you to focus on impactful debt recovery while simplifying collection efforts.
Accurint® for Collections: Decisioning Workflow delivers seamless access to FCRA-regulated data sets to determine one’s ability to repay debt and prioritize collections accounts to enhance success in the recovery of debt.
Keep well informed about bankruptcy cases to accelerate debt recoveries through LexisNexis Banko® Events Monitoring. Pair this with our product, Banko® Solutions, to employ a nationwide bankruptcy database to help discover, monitor and manage changes in bankruptcy case information.
Debt recovery assessment solutions allow you to quickly identify debt collection strategy developments to optimize collections and recovery success.
The solutions and products listed above have the ability to work together with the Debt Recovery Assessment Solution from LexisNexis® Risk Solutions along with two of our collections litigation tools:
PAYMETRIX™ AI is a collections and recovery asset search model that can be utilized in pre- or post-litigation debt collection. By identifying undiscovered consumer assets, you are able to determine the profitability ratio of a lawsuit decision and the most effective way to promptly satisfy a judgment.
PAYMETRIX™ AD helps to identify a debtor’s ability to pay off financial debt. This product makes use of proprietary technology to scrutinize whether the cost of pursuing legal action outweighs the benefits. Maximize returns through efficient litigation strategies with Paymetrix.